Having Calculated a 95% Confidence Interval for a Single Population

question 3

Multiple Choice

Having calculated a 95% confidence interval for a single population mean we may state that the odds are 95/100 that the

• A)obtained interval contains the population mean.
• B)sample mean is the same as the population mean.
• C)population mean equals 95.
• D)population mean falls in the interval.

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Definitions:

Power Distance

A cultural dimension that reflects the extent to which inequality in power is accepted and endorsed by society and its individuals.

Groupthink

A psychological phenomenon where the desire for consensus within a group leads to irrational or dysfunctional decision-making outcomes.

Conditions

The circumstances or factors affecting the way in which people live or work, especially with regard to their safety or well-being.

Rational Model

A decision-making model that assumes individuals will make decisions based on logical and systematic analysis of alternatives.